90min rounds up the latest Arsenal transfer news, rumours and gossip circulating around the world...

Arsenal are leading the race to sign Kai Havertz, with the Chelsea forward giving the green light for a move to the Emirates Stadium this summer. Real Madrid are believed to be completely out of the race to sign the German, although there is still interest from Bayern Munich. (Fabrizio Romano)

UEFA Champions League finalists Inter are keen to sign Folarin Balogun this summer. The Gunners would be willing to accept a fee in the region of £34m to part with the young striker. (Gazzetta dello Sport)

AC Milan have offered Reiss Nelson a contract worth €2.8m per season to join the club at the end of his current Arsenal contract. The player is yet to officially put pen to paper on a new deal at the Emirates Stadium. (Calciomercato)

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Burnley have registered their interest in signing midfielder Albert Sambi Lokonga on loan this summer. Manager Vincent Kompany previously worked with Lokonga when he was the Anderlecht manager. (Daily Mail)

Arsenal have 'concrete interest' in Southampton midfielder Romeo Lavia. The youngster has also been heavily linked with Liverpool, Chelsea and Manchester City in recent weeks. (Fabrizio Romano)

The Gunners have cooled their interest in signing Moises Caicedo from Brighton. Chelsea are now believed to be the heavy favourites for the midfielder's signature. (The Athletic)

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On this week's edition of Talking Transfers, part of the 90min podcast network, Toby Cudworth is joined by Graeme Bailey and Sean Walsh to discuss the latest transfer news. On the agenda is future of Kylian Mbappe, Lionel Messi's shock move to Inter Miami, Declan Rice's proposed Arsenal deal, Tottenham's summer plans and more.

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This article was originally published on 90min as Arsenal transfer rumours: Kai Havertz approves next move; 'concrete interest' in Romeo Lavia.